We wish to inform that Care Ratings Limited (a SEBI Registered Credit Rating Agency) vide its letters dated July 03, 2023 (copy enclosed), has enhanced the credit rating for the short term bank facilities of the Company to CARE A1 (A One) from CARE A2+ (A Two Plus). Further, Care Rating Limited has also reaffirmed the credit rating for the long term bank facilities of the Company as per the letter enclosed.